. >> reporter: the explosion of the growth, including the biggest names like kaplan and the university of even iffic, is being funded by students using taxpayer financed grants and loans. the industry now educates 10% of all college students, 1.8 million. but those students get 23% of federal loans and grants and are the most likely to default on those loans. >> we are always going to have higher default rates than those that go to much more highly selective traditional institutions. >> reporter: westwood college declined our interview request but claims most of its graduates have, quote, positions in their field of study. justin, meanwhile, works in a mail room. michelle, retail. westwood tells cbs news michelle got the information she needed on the cost and value of her degree, but westwood and other colleges caught on tape by the gao have promised to improve their recruiting. and give students more information on tuition and the odds of getting a job. wyatt andrews, cbs news, washington. >>> that is the "cbs morning news" for this monday. thanks for watching. we hope to catch you la